The plan that was introduced at the start of the coalition interviews of FPö and ÖVP in Brussels to prevent Brussels.
The committee continues to be planning “to re -assess the situation as part of the spring package of the European Semester”.
This is expected for April. The committee had already stated in January to rats the budget situation of Austria. This will take place on the basis of the budget result of 2024 and the measures that the Austrian authorities presented in the design of the budget and in the fiscal structural plan in the medium term. These must be submitted to the committee at the end of April.
Until now, no shortage procedure has started
The European Union had stated in January not to initiate a shortage procedure against Austria. The responsible EU commissioner Valdis Dombrovski’s Finance Minister Gunter Mayr had announced this in a letter. The measures submitted by the Blue-Black Coalition negotiators can be sufficient to defeat the shortage under the Maastricht limit of three percent of GDP, said it. In particular, around 6.3 billion will be stored in 2025. This is to reach the limit of 3 percent (economic output) requested by the EU committee in the budget deficit.
The question of whether a deficiency procedure should be avoided at all, split off ÖVP, Spö and Neos. The red would have been to accept such a procedure. Some experts, including WiFo -Baas Gabriel Felbermayr and IHS director Holger Bonin, had also pronounced a procedure instead of a radical austerity course. Shortage procedure usually offers more flexibility when exceptional economic or financial crises take place.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
